UBS Group Upgrades Aegon (NYSE:AEG) to “Buy”

UBS Group upgraded shares of Aegon (NYSE:AEG) from a neutral rating to a buy rating in a report issued on Tuesday, Marketbeat Ratings reports.

Aegon Stock Performance

Shares of AEG stock opened at $6.35 on Tuesday. The company has a market capitalization of $14.00 billion, a price-to-earnings ratio of 6.98 and a beta of 1.07. Aegon has a one year low of $4.69 and a one year high of $6.96. The company’s 50-day moving average is $6.20 and its 200 day moving average is $6.26.

Aegon Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 5th were issued a $0.1723 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a yield of 4.9%. Aegon’s payout ratio is currently 32.97%.

Institutional Trading of Aegon

Institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC grew its stake in shares of Aegon by 240.3% in the first quarter. EverSource Wealth Advisors LLC now owns 4,114 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 2,905 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in Aegon in the 2nd quarter worth approximately $30,000. GAMMA Investing LLC raised its stake in Aegon by 79.5% during the 2nd quarter. GAMMA Investing LLC now owns 5,094 shares of the financial services provider’s stock valued at $31,000 after buying an additional 2,256 shares during the last quarter. CWM LLC lifted its holdings in shares of Aegon by 83.6% during the 2nd quarter. CWM LLC now owns 5,725 shares of the financial services provider’s stock valued at $35,000 after buying an additional 2,606 shares during the period. Finally, Verus Capital Partners LLC purchased a new position in shares of Aegon in the 2nd quarter worth $61,000. 4.32% of the stock is currently owned by hedge funds and other institutional investors.

Aegon Company Profile

Aegon Ltd. provides insurance, pensions, retirement, and asset management services in the United States, the Netherlands, the United Kingdom, and internationally. The company offers life, accident, property and casualty, and health insurance; annuities, retirement plans, mutual funds, and stable value solutions; residential mortgage and digital baking services; and retail and institutional investment management solutions and retirement savings vehicles and strategies.